Two of China’s largest and most important mining ventures in Africa encountered major problems this week. In Guinea, the government shut down the Sino-Australian joint venture to operate the massive Simandou iron ore mine, a major blow to Beijing’s ambitions to end its reliance on imported Australian ore.
And then in the DRC, authorities reportedly issued a notice to the Chinese management that runs the massive TFM copper/cobalt mine to halt extraction and production.
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